How to Use Limit Orders on Coinbase Advanced Trade (Full Tutorial)

Now that limit orders on Coinbase are only officially on their Advanced Trade platform, let’s explore how to use the limit order function for buying and selling various crypto assets.

If you’re new to trading, a limit order allows you to ensure that you’re buying or selling crypto at the desired price you wish to buy or sell it for vs a market order which just executes your order automatically depending on the next bid or ask in the order book.

It really helps you take your trading to the next level. When you use limit orders for a buy order, the trade will be completed only if the price reaches the desired limit price or lower which is even better, and conversely, when you use a limit order to sell a cryptocurrency, the trade will only be executed if the price reaches the specified limit price or higher which would obviously be better. So in its most basic explanation, limit orders allow you to accurately control the price you wish to buy or sell cryptocurrencies.

The Different type of Orders offered by Coinbase:
Good til canceled – order will remain in the order book until it is triggered, and if it’s not triggered it’ll just sit there.
IOC – Immediate or Canceled – An order that is placed that if it isn’t immediately able to be filled, it will automatically be canceled and removed from the order book
Fill or Kill FOC – an order that only executes if the entire order can be filled, partial orders do not fill, an entire order has to go through in order to be filled.

If you're new to Coinbase, an order book is a list of orders (bids and asks) – basically a current record of interest from buyers and seller, once an interest criteria is met for both a buyer and a seller, a match is made and an order is executed and removed from the order book.

Let’s talk about it in the comments section…

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***I am not a financial advisor or crypto advisor; this video is meant to be used for entertainment purposes only and represents only my personal opinions***

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0:00 Intro
0:30 Limit Orders
2:45 Placing a Limit Order
4:00 Fees
4:40 order Types
7:00 Order Book
9:50 Limit Order Options
11:55 Closing Thoughts

#Coinbase #LimitOrder #Cryptocurrency

[ad-ross]

Very easy to follow, so many YouTube videos are so confusing. You explained this very well. Subscribed.

[gordonhildreth]

WoW! Very clear and straight forward! Makes sense of limit orders

[ludwigzebrauskas]

Yes! This is exactly the video I needed. Thank you very much!

[OlGoodJoe]

Virtually no one is showing how to set take profit orders.

[thatsgeek]

This is good, but how do you do this in the phone app ? It seems impossible there.

[johnnyconley]

Excellent job. You put all of the people on YouTube trying to explain how this is executed to shame. :BROVO!:

[iameverywhere]

Thank you for this excellent tutorial! A lot of useful information

[nablus]

Thank you for this tutorial. Excellent work. I am still not sure of the taker vs. maker fees. However, the fees (whether taker or maker) in general seem to be lower than that when one buys or sells on traditional (i.e., simple) Coinbase app! Am I right? Also, how about the spread price? Does it apply to Coinbase advance trade as well?

[geneparadis]

Can you do a sell limit order and a stop price and limit price at the same time.

[acrepairnearme]

Please make a video on difference btw limit orders and stop limit orders. For what situation is better to use ether one. Thank you for this video. This is a gold.

[manclubandorra]

Greetings from Andorra.
Very good video.

I have a question.

Can I concatenate several limit orders?

That is, suppose that the BTC value is 27, 000 and I want to buy BTC at 26, 000, in this case I put a limit type purchase order. okay

And then if the price goes up to 27, 500 I want to sell my BTC, can I also place that order so that it is executed after the first order?

and so on ...

Thanks for your time !!

[bobnewhart]

So if I wanted to set a limit buy to make sure my order gets in during let's say for example a coinbase crash would I set my stop at and my limit at

[thinkblue]

Great tutorial. Appreciate it. Still waiting for 12.5k btc? we're close, but you never know. I'd hate to see you miss out if it only dipped to 14k, then goes to 100k. Good luck to you.

[lisagarrett]

Hi, if your putting in a limit order, under it, it says, crypto markets are unique. Once executed, the transaction is not reversible. Does that mean you can not cancel it if it has not hit desired price ??

[robdubois]

Since the price didn't hit below 15.4k, how has your strategy shifted?

[d.c]

So i can not make a trade like on tradingview with limit order, TP, SL together. Right ? I dont understand the stop limit is so complicated.

[OlGoodJoe]

Good video but today, about a year later many of those options no longer exist at least not on my Coinbase Advanced Trading platform.

[JohnToland-jhif]

Coinbase has made it SO confusing to even know if you put a limit order in. I don't even know if mine went through. There is better ways to make this process more transparent- Its like they want it to be confusing.

[TruthxNc]

From the time this was recorded to todays date, btc has 🚀

[Bryantheman]

on my site i do not have the toggle for the percentage for my ACCT CAN YOU HELP